This is the largest spike I have ever seen (USDZAR) on any pair.tommiho wrote:Little bit of topic but have you ever seen this?
My thougths are, that we have had scare tactics that monday when most of us took a hit, the JPY crosses haven't been moving much from then to now. It looks to me knowing the G20 slap wasn't much of a slap and that Japan dosn't have much alternatives that it is ready for another attack at higher resistance levels. Basically it looks primed for it.tommiho wrote:Hi everyone, what do you think about fundamentals from Japan?The consensus indicated is bad for the currency so the JPY should weaken?Well at least one of them is indicating.Just thinking to leave the trades open over night and these announcements would affect them.
The broker fixed everything. Returned money and reinstated positions very quickly. They said that was a bad feed from one of they liquidity providers.Chris wrote:who is your broker, that is horrible. I have nothing like that on my chart.tommiho wrote:Little bit of topic but have you ever seen this?
(Maybe this helps)nanningbob wrote: You dont have an economic reason for the CHF to be behaving like it is. There isnt a fundamental news story to go with the move.
it still has some bugs in it that need to be worked out, for example some charts red will mean sell and others it means buy. Have to get the color thing worked out so they are the same fore every chart.Chris wrote:Bob that is a crazy looking chart. I like it, nice work!nanningbob wrote:Here is how the gbp/chf trade would have looked with a first test of CSS slope for 10.4. This is the replacement for AO once it is set up. When you start seeing the angles of the lines change or the gaps get smaller you get out and close. Just a sneak preview.
its been a rough week. will be loser for me also but with me being sick I didnt do that much trading anyway.VirtualFM wrote:(Maybe this helps)nanningbob wrote: You dont have an economic reason for the CHF to be behaving like it is. There isnt a fundamental news story to go with the move.
There may be a reason why CHF went nuts. Yesterday they announced that they are limiting immigration from Western Europe, and next month they will be limiting it from every EU country, becoming an "island" among dozens of countries where people can circulate freely without Visas and paperwork.
http://www.bbc.co.uk/news/world-europe-22285886
Since many EU countries nowadays have incredibly high unemployment rates (Spain reached a record of 27%) they were being overflowed with people looking for a job and decided to stop the flow, invoking some obscure not-yet-used clause of the law (which seems to be only valid until 2014, so this will be in effect for only one year, but enough to shake the markets, it seems).
http://www.guardian.co.uk/world/2013/ap ... e-eurozone
Anyway... I had trades on CHF... so between CHF, the fake-news-spike of JPY, and the sudden strength of NZD, I'm completely out of Forex for now. Basically... if I trade a 0.01 Lot right now, I will be investing around 30% of my account!
Tommiho, the market usually "builds in" the consensus long before the announcements occur.tommiho wrote:Hi everyone, what do you think about fundamentals from Japan? The consensus indicated is bad for the currency so the JPY should weaken? Well at least one of them is indicating. Just thinking to leave the trades open over night and these announcements would affect them.
